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SQNS · NYSE · Semiconductors

Sequans Communications (ADR)

Designs cellular-IoT chips, modules, and technology platforms for connected devices.

$3.00

After-hours close+0.06 (+2.04%)

At close$2.94(−0.34%)

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Profile

Sequans Communications S.A.SQNSInformation Technology

Designs 4G and 5G cellular-IoT chips and modules for payments, mobility, industrial systems, and smart-home uses. The fabless company also provides design services and technology licensing while retaining a license to support its legacy 4G products.

Designs cellular-IoT chips and modules for connected devices in payments, mobility and logistics, smart cities, industrial systems, e-health, and smart homes. Its current platforms include LTE-M/NB-IoT, LTE Cat 1bis, and 5G NR RedCap/eRedCap.

Based in France, the fabless company combines semiconductor platforms with design services and technology licensing. Its engineering-led business focuses on connectivity for Internet of Things applications rather than consumer devices.

Sequans sold its legacy 4G intellectual-property portfolio to Qualcomm while retaining a perpetual license to sell, support, maintain, and enhance those products. It retained its 5G technology and is focused on scaling its IoT semiconductor business and advancing the eRedCap roadmap.

Company facts

CEOGeorges Karam

ListedApr 15, 2011

ExchangeNYSE

HeadquartersParis, France

CountryFrance

Employees171

CIK0001383395

ISINUS8173234050

Key statistics

Market cap$45.3M

EPS (ttm)−$11.33

P/E (ttm)−0.2568

ROE-135.1%

P/B1.05

P/S1.83

Dividend yield—

Beta2.75vs XLK 0.78

Year to date −39.0% · Average volume (30d) 56.1K

Analysts

Price target, next 12 months$7.50+157.7%Median of 12 analysts · vs the Aug 28 close

ConsensusBuy11 of 12 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $2.91

High$8.00+174.9%

Median$7.50+157.7%

Low$7.00+140.5%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Prior target	Target
Aug 5, 2026	Lake Street	Target	$10	$8
May 6, 2026	Northland Securities	Target	$3.50	$7
May 6, 2026	Lake Street	Target	$18	$10
Dec 10, 2025	Lake Street	Target		$18

Earnings

EPS

Estimate−$0.49

ReportedDue Nov 3, 2026

Revenue

Estimate$9.0M

ReportedDue Nov 3, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Aug 4, 2026Q2 FY26	−$0.47	−$0.27	+42.6%	$7.1M	$7.5M	+5.3%	+11.07%
May 5, 2026Q1 FY26	−$0.45	−$1.42	−215.6%	$6.2M	$6.1M	−1.2%	−3.99%
Feb 10, 2026Q4 FY25	−$0.49	−$1.19	−142.9%	$7.1M	$7.0M	−1.4%	−8.29%
Nov 4, 2025Q3 FY25	−$1.80	−$0.79	+56.1%	$6.3M	$4.3M	−31.6%	+4.90%

View details

Financial highlights

	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	$8.1M	$8.1M	$4.3M	$7.0M	$6.1M	$7.5M
Gross profit	$5.2M	$5.2M	$1.8M	$2.6M	$2.3M	$2.5M
Operating income	−$6.8M	−$8.7M	−$20.4M	−$8.9M	−$9.5M	−$9.5M
Net income	−$7.3M	−$9.1M	−$6.7M	−$87.1M	−$54.5M	−$9.8M
Diluted EPS	−$0.29	−$0.36	−$0.48	−$6.30	−$3.90	−$0.65
Gross margin	64.5%	64.4%	40.9%	37.7%	37.7%	32.9%
Operating margin	-84.7%	-107.2%	-476.6%	-127.9%	-156.6%	-127.1%

Fiscal years (4-quarter sums)FY21 $50.9M · FY22 $60.6M · FY23 $33.6M · FY24 $36.8M · FY25 $27.4M

Revenue by product · FY25

Technology, IOT$22.7M · 98%

Royalties$574.0K · 2%

Revenue by geography · FY25

Asia$10.6M · 29%

United States$9.2M · 25%

China$7.3M · 20%

France$3.0M · 8%

Europe, Middle East, And Africa$2.9M · 8%

Japan$2.0M · 5%

Taiwan$893.0K · 2%

Germany$629.0K · 2%

Asia Pacific$436.0K · 1%

Balance sheet, Jun 30, 2026Cash & short-term investments $21.0M · Total debt $7.3M · Total assets $83.6M · Shareholders' equity $41.7M

Dividends

No dividends on record.

Ownership

Institutions 56.74%Insiders —

Shares outstanding 15.56M · Float 9.64M · 61.9% free float

Insiders — filings are in another share unit.

The Form 4 positions here total more than the shares outstanding, so the filings and the share count are not on the same basis — usually an unlisted unit behind the listed one — and no insider percentage is shown.

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
B. Riley Financial, Inc.	1.76M	11.30%	13F	May 15, 2026
Oasis Management Co Ltd.	1.41M	9.07%	13F	May 15, 2026
Dba Trading, LLC	1.40M	9.00%	13F	May 8, 2026
FMR LLC	1.38M	8.89%	13F	May 15, 2026
Leviticus Partners LP	750.1K	5.00%	13G	May 19, 2026

Insider tradesForm 4

Date	Insider	Role	Shares	Avg price
May 6, 2026	Bertrand Debray	officer: Chief of Staff	−752,700
Jan 26, 2026	Daniel Asher	10 percent owner	+12,300	$5.12
Jan 20, 2026	Daniel Asher	10 percent owner	+19,660	$5.29
Jan 21, 2026	Daniel Asher	10 percent owner	+22,600	$5.24
Jan 15, 2026	Daniel Asher	10 percent owner	+28,200	$5.65